Nonprofit · EIN 85-4229701
ADVANCING BLACK ENTREPRENEURSHIP INC
Tax-exempt · LITTLE ROCK, AR 72201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $408,129 | $403,835 | $4,294 | $30,448 | $2,519 | $27,929 |
| December 31, 2024 | 990 | $462,112 | $438,640 | $23,472 | $23,635 | $0 | $23,635 |
| December 31, 2023 | 990-EZ | $175,878 | $176,992 | -$1,114 | $163 | $0 | $163 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $408,125
- Program service revenue
- $0
- Investment income
- $4
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $93,338
- Other salaries and wages
- $46,662
- Salaries, compensation and benefits (total)
- $152,894
- Professional fundraising fees
- $0
- Accounting fees
- $2,100
- Travel
- $2,179
- Program services (functional)
- $384,264
- Management and general (functional)
- $19,571
Balance sheet and other
- Total assets, start of year
- $23,635
- Total assets, end of year
- $30,448
- Total liabilities, end of year
- $2,519
- Net assets, end of year
- $27,929
- Net assets without donor restrictions
- $27,929
- Gross receipts
- $408,129
- Employees
- 2
- Volunteers
- 4
- Year formed
- 2021
- State of legal domicile
- AR
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BENITO BENEDICTO LUBAZIBWA | EXECUTIVE DIRECTOR Officer | 40 | $93,338 |
| JAY A YOUNG | CHAIRPERSON Trustee or director | 1 | $0 |
| BRUCE JAMES | SECRETARY Trustee or director | 1 | $0 |
| RICKEY HICKS | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BENITO BENEDICTO LUBAZIBWA | EXECUTIVE DIRECTOR Officer | 40 | $6,667 |
| JAY A YOUNG | CHAIRPERSON Trustee or director | 1 | $0 |
| BRUCE JAMES | SECRETARY Trustee or director | 1 | $0 |
| RICKEY HICKS | DIRECTOR Trustee or director | 1 | $0 |
990-EZ for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAY A YOUNG | CHAIRPERSON | 2 | $0 |
| BRUCE JAMES | SECRETARY | 2 | $0 |
| REGINIA KIMBROUGH | DIRECTOR | 2 | $0 |
| RICKEY HICKS | DIRECTOR | 2 | $0 |
| BENITO BENEDICTO LUBAZIBWA | EXECUTIVE DIRECTOR | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 300 S SPRING ST STE 920, LITTLE ROCK, AR 72201-2425
- In care of
- % BENITO BENEDICTO LUBAZIBWA
- Signed the 990
- BENITO BENEDICTO LUBAZIBWA EXECUTIV, EXECUTIVE DIRECTOR
- Phone
- (877) 829-5500
- Return prepared by
- Denman Hamilton & Associates CPA
Mission
BUILD SUPPORTIVE ECOSYSTEM FOR BLACK-OWNED BUSINESS TO HELP THEM BE SUCCESSFUL BY PROVIDING INFORMATION AND COACHING
Program accomplishments
- TO BUILD AN ECOSYSTEM THAT IS ROOTED IN EQUITY AND EMPOWERS BLACK ENTREPRENEURS TO START, GROW, AND SCALE THEIR BUSINESSES.Expenses $384,264
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 85-4229701
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Civil rights, social action and advocacy (R02)
- Assets (IRS master file)
- $30,448
- Income (IRS master file)
- $408,129
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $408,129 | $403,835 | $30,448 | XML |
| 990 | December 2024 | $462,112 | $438,640 | $23,635 | IRS |
| 990-EZ | December 2023 | $175,878 | $176,992 | $163 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 85-4229701).
Questions about ADVANCING BLACK ENTREPRENEURSHIP INC
- What is the EIN of ADVANCING BLACK ENTREPRENEURSHIP INC?
- The employer identification number (EIN) of ADVANCING BLACK ENTREPRENEURSHIP INC is 85-4229701.
- Is ADVANCING BLACK ENTREPRENEURSHIP INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to ADVANCING BLACK ENTREPRENEURSHIP INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ADVANCING BLACK ENTREPRENEURSHIP INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ADVANCING BLACK ENTREPRENEURSHIP INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ADVANCING BLACK ENTREPRENEURSHIP INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who are the officers and directors of ADVANCING BLACK ENTREPRENEURSHIP INC?
- The 990 for the year ended December 31, 2025 lists 4 people; 1 received compensation from the organization, the highest $93,338 (BENITO BENEDICTO LUBAZIBWA, EXECUTIVE DIRECTOR).
- How much revenue does ADVANCING BLACK ENTREPRENEURSHIP INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $408,129, expenses of $403,835 and total assets of $30,448 at year end.
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All nonprofits in LITTLE ROCK · Arkansas · Civil rights, social action and advocacy